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503 Terrace Avenue

Chama, NM 87520
  • $519,500
  • STATUS: Active
  • ON SITE: 147 Days
  • MLS #: 202503846
UPDATED: 219 min ago
$519,500
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,430
    SQFT
  • $117
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1938
County:
Area:

School Ratings & Info

Description

The Cornerstone Shops Historic Old Town Chama Opportunity awaits in the heart of historic Old Town Chama, NM with this versatile retail building, ideally located directly across from the world-famous Cumbres & Toltec Scenic Railroad station. Offering approximately 4,430 square feet, this property provides the perfect setting for retail, dining, or mixed-use ventures. Currently home to a fudge shop, coffee shop, and a retail space featuring outdoor gear and furniture, the building is well-suited for multiple business opportunities. A unique bonus is the upstairs 2-bedroom, 1-bath apartment, making this a fantastic live/work opportunity. Recent improvements include a new roof, new windows, electrical upgrades, fresh paint, and new stucco, giving the property both curb appeal and peace of mind. The building also offers private alley access with a gated entrance, ensuring convenience and security. This listing is priced for the building only, with inventory and equipment available for purchase separatelygiving buyers flexibility to step right into a thriving business or create their own vision. With its prime location, historic charm, and versatile spaces, The Cornerstone Shops is a rare find in one of northern New Mexico's most visited destinations.

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Santa Fe Association of Realtors logo © 2026 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than The Very Best Santa Fe Team - Keller Williams are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2026-01-14T23:51:32.98.
www.theverybestofsantafe.com/homes/167173147
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503 Terrace Avenue Chama, NM 87520

  • Price: $519,500
  • Status: Active
  • On Site: 147 Days
  • Updated: 219 min ago
  • MLS #: 202503846
0
Beds
0
Baths
0
½ Baths
0.14
Acres
4,430
SQFT
$117
$/SQFT
1938
Built
Neighborhood:
41-Chama
County:
Rio Arriba
Area:
41-Chama
Property Description
The Cornerstone Shops Historic Old Town Chama Opportunity awaits in the heart of historic Old Town Chama, NM with this versatile retail building, ideally located directly across from the world-famous Cumbres & Toltec Scenic Railroad station. Offering approximately 4,430 square feet, this property provides the perfect setting for retail, dining, or mixed-use ventures. Currently home to a fudge shop, coffee shop, and a retail space featuring outdoor gear and furniture, the building is well-suited for multiple business opportunities. A unique bonus is the upstairs 2-bedroom, 1-bath apartment, making this a fantastic live/work opportunity. Recent improvements include a new roof, new windows, electrical upgrades, fresh paint, and new stucco, giving the property both curb appeal and peace of mind. The building also offers private alley access with a gated entrance, ensuring convenience and security. This listing is priced for the building only, with inventory and equipment available for purchase separatelygiving buyers flexibility to step right into a thriving business or create their own vision. With its prime location, historic charm, and versatile spaces, The Cornerstone Shops is a rare find in one of northern New Mexico's most visited destinations.
Exterior Features

Construction Materials Frame Garage YN No Parking Features On Street

Interior Features

Basement YN No Fireplace YN No

Property Features

Business Type Live / Work Mixed Other Retail Disclosures Lead Based Paint Disclosure Land Lease YN No Lease Considered YN No Listing Terms Cash New Loan Owner Will Carry Other See Remarks Possible Use Live / Work Mixed Use Other Retail Property Sub Type Retail Property Sub Type Additional Retail Sale Or Lease Indicator For Sale Special Listing Conditions Standard Tax Annual Amount 3068 Tax Year 2025 Utilities Electricity Available Water Source Public

Santa Fe Association of Realtors logo Listing provided courtesy of Christopher Dennison of United Country N New Mexico RE: (575) 756-2196. © 2026 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.


Santa Fe Association of Realtors logo © 2026 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than The Very Best Santa Fe Team - Keller Williams are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2026-01-14T23:51:32.98.
 
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